Savings bonds are a lower-risk way to save. When you buy a savings bond, you are loaning money to the government for a set period at a fixed interest rate. There are 2 types of savings bonds offered by the Canadian government: Canada Savings Bonds (CSBs) and Canada Premium Bonds (CPBs).

You can buy savings bonds only at certain times of the year. Ask your bank or check the Canada Savings Bonds website to find out when they're available. Current sales periods:

between early October and November 1 for CSBs bought through payroll savings plans

between early October and December 1 for all other savings bonds.

Other options for short-term savings: Savings bonds are just one of the ways you can save for the short term. Here are some other savings options to consider.

Content in this section is provided in partnership with Investor Education Fund, a non-profit organization founded and supported by the Ontario Securities Commission that provides unbiased and independent financial tools to help Canadians make better money decisions. To find out more, go to: GetSmarterAboutMoney.ca

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